Magazine

Last edition
May-June 2026

Home › Renewable energy ›Oswal Pumps Secures 63 MW Bihar Rooftop Solar Projects Under PM Surya Ghar Scheme

Oswal Pumps Secures 63 MW Bihar Rooftop Solar Projects Under PM Surya Ghar Scheme

The projects were awarded by North Bihar Power Distribution Company and South Bihar Power Distribution Company and cover 57,492 consumer installations across the Motihari, Saharsa and Ara circles.

June 15, 2026. By Abha Rustagi

Oswal Pumps has secured 63 MW of grid-connected rooftop solar projects in Bihar under the PM Surya Ghar-Muft Bijli Yojana, marking a major expansion into the distributed residential solar segment as the company seeks to diversify beyond its traditional PM Kusum-focused business.

The projects were awarded by North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL) and cover 57,492 consumer installations across the Motihari, Saharsa and Ara circles.

The company said the orders carry an installation value of about INR 247 crore and are expected to generate an additional INR 257 crore in long-term energy supply revenue over a 10-year period, bringing the total revenue opportunity to more than INR 500 crore.

The award strengthens Oswal Pumps' presence in India's growing residential rooftop solar market and provides greater revenue visibility through recurring income streams under the renewable energy service company (RESCO) model.

Under the programme, each beneficiary household is expected to receive around 15,000 units of solar power during the contract period, helping reduce dependence on conventional grid electricity and lowering energy costs.

The projects will be implemented under a CAPEX-plus-RESCO model, with Oswal Pumps responsible for design, engineering, procurement, installation, commissioning, financing, and operations and maintenance for 10 years.

All installations are expected to be commissioned within nine months of the execution of power purchase agreements (PPAs).

"This award represents a pivotal milestone for Oswal Pumps as we scale our participation in the PM Surya Ghar programme and strengthen our position in the distributed solar ecosystem. It not only underscores our execution capabilities but also marks a strategic shift towards diversifying revenue streams beyond PM Kusum. We remain committed to delivering high-quality installations and supporting India’s transition toward clean, decentralised energy," said Vivek Gupta, Chairman and MD, Oswal Pumps.

The latest orders come as India accelerates deployment of residential rooftop solar systems under the PM Surya Ghar-Muft Bijli Yojana, which aims to provide solar power to millions of households and boost adoption of distributed renewable energy across the country.

Tags:

Solar PV

Oswal Pumps

PM Surya Ghar Muft Bijli Yojana

PM Surya Ghar Scheme

North Bihar Power Distribution Company Ltd.